Category: 6. Business
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Cosgrave’s Web Summit prospering without Israelis
Several days after October 7 2023, Paddy Cosgrave angered Israel’s tech community, which was still licking its wounds, with a series of tweets criticizing Israel’s response in Gaza, which seemed to leave no viable options for… Continue Reading
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Peter Schiff: Gold Will 20-50x and It’s Sending a Warning
In a recent interview, renowned investor Peter Schiff made a bold prediction: gold prices are poised to surge by 20 to 50 times their current value. Schiff, who is known for his contrarian views and accurate market forecasts, believes that… Continue Reading
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The state slaughters its cash cow: Where will the money come from for th
200 billion shekels – the hypothetical amount the war is estimated to cost. Now, with the launch of Operation “Northern Arrows,” the cost of the war will at least double. Where will the money come from? The Treasury is currently finalizing… Continue Reading
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Treasury plans higher tax on Israel’s wealthiest
As part of its plans for managing the fiscal deficit in 2025, the Ministry of Finance is proposing to raise the surtax on passive income such as interest. The ministry proposes raising the surtax from its current rate of 3% to 5%,… Continue Reading
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Privacy Protection chief: New regulations prevent cyberattacks
“From our experience, in many cases cyberattacks could have been avoided if companies would have complied with the privacy protection regulations (data security). Unfortunately, there are many companies in Israel that have not… Continue Reading
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Gold & Silver Prices Plummet as Fed Rate Cut Expectations Dwindle
Gold prices took a significant dive on Tuesday, experiencing their largest percentage drop in over a month. This decline was primarily driven by a shift in market sentiment regarding the Federal Reserve’s upcoming interest rate cuts…. Continue Reading
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In huge deal Patrick Drahi buys Tel Aviv Mandarin Oriental
International businessman Patrick Drahi bought the luxury Tel Aviv seafront Mandarin Oriental project on Hayarkon Street last year, according to media reports in Israel, in a huge deal worth an estimated NIS 900 million. The two… Continue Reading
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Multi-front war with Iran could devastate Israeli economy
A multi-front war, in which Israel is facing both Hezbollah and Iran, could have severe implications for the country’s economy, according to a report from Reichman University’s Aaron Institute for Economic Policy published late last month. A… Continue Reading
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Mizrahi Tefahot lends Omer Adam’s server farm co NIS 410m
Mizrahi Tefahot Bank is lending NIS 410 million to Anan Data Centers. Behind the venture are PAI, owned by singer Omer Adam and his family; Adam’s business partners, brothers Maor and Snir Melul, owners of real estate company… Continue Reading
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Israeli homeowners could be hit hard by planned tax changes
The Ministry of Finance recently published the draft of a new law with a range of measures to raise revenue for the war-battered economy, some of which related to real estate, and will have significant ramifications for… Continue Reading
